Teck updates coal guidance: coal sales slow due to Japanese earthquake
Teck Resources provided an update today to its coal guidance for the second quarter.
As a result of the February earthquake and tsunami in Japan, some of Teck's coal customers have deferred shipments due to reduced steel production requirements and Teck now expects coal sales in the second quarter at the low end of its previously announced guidance range of 5.5 to 6.0 million tonnes.